Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd
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Gold
Gold is witnessing strong upmove and is looking overstretched. Sell on rise near 75700 for tgt of 75200 and stoploss of 75900
Crude Oil
Crude Oil is trying to recover after sharp sell off. However the sharp fall is expected to continue on back of no retaliation from Israel to Iran. So sell on rise near 6020 for tgt of 5850 and stoploss of 6120.
BASE METAL UPDATE
Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform.
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